Your Spanish Dream. Are you buying a property in Spain? Download the A to Z guide. There is something wonderfully charming and amazing about the Spanish coastline, which lures people into believing that they could stay here for the rest of their lives! However, this 3,000-mile reason is just a small part of it!
Other resons include the delightful climate, charm of the Spanish people, character of the country and the variety in lifestyle. The best part is that you need not confine your desire to a mere dream. It is possible to award reality to it, for there is sufficient space in Spain to accommodate a large populace!
Thus, whether you seek a countryside villa, an apartment along the coastline, or property within city limits, you are sure to find something absolutely to your liking in Spain.
This informative guide “ Are you buying a property in Spain? The A to Z Guide” aims to help you comprehend the process of purchasing property in Spain and the complications associated with it. In fact, the purchasing process can go beyond days and weeks. Therefore, when you are actively into the process of purchasing property, please request counsel from an experienced, real-estate lawyer.
Area of Choice in Spain
Well, here are the pros and cons of residing in various regions in Spain according our guide “Are you Buying a property in Spain ? A simple explanation for dummies! ”
Northern Interior
You will find a highly affordable property here, since the cost of living is quite low.
However, the climate promises dry and hot summers, along with not so mild winters.
Southern Regions and Islands
Tourists love to come here.
You should obtain healthy profits by renting out your property.
However, properties here are rather expensive, specifically in the Balearic Islands.
Málaga is the well known Costa del Sol.
East Coast
It comprises of Almeria, Catalonia (Costa Brava), Murcia (Costa Calida), Alicante (Costa Blanca) and Valencia (Costa Azahar).
The climate is mild and there are plenty of splendid beaches.
Many expat communities reside in the East Coast.
However, the prices of properties range from low to medium in the southeast, while they go from medium to high in the northeast.
Other points to consider will help you the area:
Permanent Residence
If you wish to hobnob with other expats, seek exclusive communities. Then again, give serious thought to the cost of living in your selected area, and the tax rates prevailing there. Your chosen property should match your goals, including possessing healthy local infrastructure, amenities (shops, service providers, etc) and easy accessibility.
Investment/Rental Income
A large city or coastal region is ideal for attracting tourists in large numbers. As time goes on, your property will rise in value. In turn, you will make good profits. Just ensure that your house-for-rent possesses all the requisite facilities and amenities. It should have easy access to transport, local shops, etc.
Holiday Home
Villas and apartments are most suitable, especially during peak season. However, the climate must prove favorable. Furthermore, holidaymakers must have rapid access to the local airport. In case, they arrive during the off-season, ensure that there are sufficient local attractions to keep them interested.
In case, you are still low on confidence, rent a property and gain a ‘feel’ of the area prior to an actual property purchase. Then again, it is imperative to give due consideration to the following aspects related to your long-term investment.
Discover the appreciation capabilities of your property.
Overly expensive areas cannot promise higher pricing in future.
Inexpensive areas displaying poor local infrastructure cannot promise increase in pricing of real estate.
Be realistic about future earnings.
The value of your property increases in alignment with improvement in transportation.
Types of Properties in Spain
1. Rural Properties
It must be obvious that the Spanish Land Registry sets aside such a property for agricultural usage only. It grants it the label of ‘rural’...
2. Urbanized Dwellings
You will find an urban property in a development outside a village or town. There are clusters of homes, built in accordance with the controlling community’s standards.
3. Resorts
They are as integrated as urbanized properties are, albeit possessing communal areas too...
4. Coastal Properties
In 1998, the Coastal Law (‘ley de costas 1988’) came into effect, in order to stop overbuilding along the coast. The law introduced restrictions applicable to both, the private ownership zone, as well as to the public domain area. They sufficed to permit the public access to the coast, but prevent excessive urbanization and soil erosion...
Do you want to know more?
Download the A to Z guide. All the information you need to succesfully purchase your new home in Spain!
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